Barclays PLC Grows Stock Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

Barclays PLC increased its stake in Shoe Carnival, Inc. (NASDAQ:SCVL) by 189.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,342 shares of the company’s stock after acquiring an additional 19,868 shares during the period. Barclays PLC owned about 0.11% of Shoe Carnival worth $1,330,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Shoe Carnival by 0.7% during the second quarter. Rhumbline Advisers now owns 56,711 shares of the company’s stock worth $2,092,000 after purchasing an additional 394 shares during the period. Victory Capital Management Inc. raised its position in shares of Shoe Carnival by 11.3% in the 2nd quarter. Victory Capital Management Inc. now owns 24,857 shares of the company’s stock worth $917,000 after acquiring an additional 2,530 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Shoe Carnival by 34.7% in the 2nd quarter. American Century Companies Inc. now owns 410,355 shares of the company’s stock valued at $15,138,000 after purchasing an additional 105,818 shares during the period. BOKF NA grew its position in shares of Shoe Carnival by 68.6% in the 2nd quarter. BOKF NA now owns 14,029 shares of the company’s stock worth $518,000 after buying an additional 5,707 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Shoe Carnival by 21.3% in the 2nd quarter. Hsbc Holdings PLC now owns 9,293 shares of the company’s stock worth $338,000 after purchasing an additional 1,634 shares in the last quarter. 66.05% of the stock is owned by hedge funds and other institutional investors.

Shoe Carnival Stock Performance

Shares of SCVL stock opened at $30.35 on Monday. The company has a market capitalization of $824.76 million, a price-to-earnings ratio of 11.16 and a beta of 1.52. Shoe Carnival, Inc. has a one year low of $24.94 and a one year high of $46.92. The company’s 50-day moving average is $34.49 and its 200 day moving average is $38.03.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $316.97 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts predict that Shoe Carnival, Inc. will post 2.6 earnings per share for the current fiscal year.

Shoe Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 13th will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, January 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.78%. Shoe Carnival’s dividend payout ratio is currently 19.85%.

Shoe Carnival declared that its board has authorized a share buyback program on Thursday, December 12th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Shoe Carnival from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Insider Activity

In related news, Chairman Wayne J. Weaver bought 285,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average cost of $33.91 per share, with a total value of $9,681,305.00. Following the acquisition, the chairman now owns 4,173,529 shares in the company, valued at $141,524,368.39. This trade represents a 7.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 34.70% of the company’s stock.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.